Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Declines By 5.9%

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 6,260,000 shares, a decline of 5.9% from the November 15th total of 6,650,000 shares. Approximately 5.8% of the shares of the stock are sold short. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 5.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Biltmore Family Office LLC raised its position in shares of FTAI Infrastructure by 0.8% during the 3rd quarter. Biltmore Family Office LLC now owns 230,031 shares of the company’s stock valued at $2,153,000 after buying an additional 1,826 shares in the last quarter. SG Americas Securities LLC raised its position in FTAI Infrastructure by 9.8% in the 3rd quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock worth $278,000 after purchasing an additional 2,640 shares during the period. The Manufacturers Life Insurance Company raised its position in FTAI Infrastructure by 8.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,989 shares of the company’s stock worth $336,000 after purchasing an additional 3,158 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in FTAI Infrastructure in the 3rd quarter worth $34,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in FTAI Infrastructure by 22.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock worth $179,000 after acquiring an additional 5,244 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Stock Down 5.6 %

Shares of FIP traded down $0.45 on Tuesday, reaching $7.55. The company’s stock had a trading volume of 185,989 shares, compared to its average volume of 1,184,369. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure has a twelve month low of $3.42 and a twelve month high of $10.45. The stock has a market capitalization of $858.77 million, a PE ratio of -4.04 and a beta of 1.34. The firm has a fifty day moving average of $8.76 and a 200-day moving average of $8.93.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.